UAE delegation of investors keen to invest in Punjab

CHANDIGARH: A delegation of prospective investors from UAE evinced keen interest for making huge investments in the arena of Agri & Food, Exports, Infrastructure, Logistics, Real Estate and Water Management.

During an interactive session organised by the Invest Punjab here on Monday, the UAE delegation and top brass of Punjab Government took part in the marathons discussions to further boost bilateral trade between UAE and India, which has already risen many fold in the recent years.

Disclosing this here today an official spokesperson said that India was UAE’s biggest trade partner while UAE was India’s third largest trade partner following which the economic ties between the two countries have not only been strengthened but also consistently proved to be strategic for Punjab.

While interacting with the delegation of key investment players from UAE, the Chief Secretary Karan Avtar Singh said that the State had recognized this unique opportunity and chosen UAE as one of the priority countries for attracting investments and promoting trade, and already undertaken an aggressive investment promotion campaign for the same. Earlier, the Chief Secretary Karan Avtar Singh welcomed the delegation led by the Ambassador of India to the UAE, Mr. Navdeep Suri besides several companies such as Hyperloop One, NIIF, Metito, LuLu Group, DP World, Sharaf Group, EMAAR, DMCC, and UPL, which were a part of the delegation.

Speaking on the occasion Additional Chief Secretary Industries and Commerce and Investment Promition Vini Mahajan said that this initiative was in-line with the state Government’s endeavour to attract FDI to the state. It will also help in giving exposure to local exporters from Punjab and enabling them to grow their global footprint, she added.

CEO Invest Punjab Rajat Aggarwal pointed out that concerted Efforts of the State government have already started to bearing fruits. Resultantly, the Lulu Group has already received the 1st full consignment of kinnow from the State.

The members of visiting delegation also had one-on-one meeting with the senior officials of the various Government departments to explore opportunities for investments in Punjab especially in sectors such as Agri and Food Exports, Infrastructure, Logistics, Real Estate, Water Management etc.

Notably, a high level delegation from the state Government participated in 2nd edition of India- UAE Partnership Summit in October, 2018 at Dubai and impressed upon the investors in Retail, Real Estate, Healthcare, Logistics & Warehousing, Agro & Food Processing sectors. Subsequently, leading business groups from UAE including Lulu, DP World, Sharaf Group and BRS have visited Punjab in the last 4 months to explore business and trade opportunities in sectors such as Food Processing, Logistics, Urban Infrastructure development and Healthcare.